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1,567 ft²
Retail
$1,632,000
Sale


Steve Da Cruz
Steve Da Cruz
RE/MAX Commercial Advantage

Lock in your hedge against inflation and get ahead of interest rate hikes in this red-hot investment area of Downtown Vancouver. Incredible amounts of recent activity all within steps of this gorgeous location support the long term vision of value appreciation here. Beautifully redeveloped in 2008 by the Salient Group, The Paris Block is a highly desirable mixed-use strata property featuring a fully-fixtured restaurant at ground level. Proximity to Skytrain, multiple Higher Learning institutions, the Central Business District and the return of Cruise Ship Tourism bode well for the short term retail market here as well. With rent escalations built into this triple net (NNN) 'hand's free' lease, this unit offers an amazing opportunity to ride alongside major market movers nearby such as Westbank, Bosa (Army & Navy Redevelopment adjacent) and Allied Properties (Dominion Building $65M). Please do not disturb the Tenant. Call today and find out more!


The Space
Asking Price$1,632,000
Available Space1,567 ft²
SourceBuildout

The Building - The Paris Block

For over 60 years The Paris Block was home to Pierre Paris & Sons - a logging boot manufacturer and shoe retailer. Today, the Paris family company continues as Paris Orthotics on West 4th Avenue. Located on West Hastings, just a few skips from the Woodward's building redevelopment, the Paris Block is a heritage conversion completed in 2008 with 29 lofts within a 100-year-old 5-storey brick building. The Paris Annex was constructed right beside the Paris Block. These buildings have been fused into shared hallways, stairs, elevator, and foyer. The Paris Annex, 100 years the junior to the Paris Block gives life to 17 modern concrete pads. "It's a very interesting juxtaposition of old and new." - The Salient Group Gastown is a great opportunity for students, urbanists and savvy visionaries to be a part of breathing new life into Vancouver's original city centre. All just steps from the SFU campus, Nester's grocery store, London Drugs, and other retailers.

Property TypeRetail
Floors6
Building Size1,567 ft²
ZoningDD - Downtown District
Year Built1912
Parking Spaces0
Year Renovated2008

Type
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Sublease
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Steve Da Cruz
Steve Da Cruz
RE/MAX Commercial Advantage
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